The probate process is full of many twists and turns, which can make life difficult on the executor of the will. On one side of things, it's an honor to serve as the executor of a will and testament.
Estate planning and probate can be tough for many reasons, emotions can run high and all people involved may be confused about certain facets of the process. Setting up and modifying an estate plan can be tricky, but it can also be difficult for people to deal with an estate following the loss of their loved one. Not only is this true for executors, but beneficiaries may also face challenges. For example, an executor may fail to live up to his or her fiduciary duties, at which point beneficiaries and those concerned should look into their options and handle the issue promptly.
When it comes to commercial real estate transactions, there are many pointers to keep in mind. For starters, the approach differs for someone who is buying or leasing commercial real estate as opposed to someone who is selling commercial real estate. If this will be the first time you are selling commercial property, you may have all sorts of concerns and areas of uncertainty. Finding answers and making sure that you have confidence in the decisions you make is extremely important, providing peace of mind and a higher chance of success.
New York law recognizes that having a formula, client list or other confidential information may be what defines a company's success. The American Bar Association explains that although the federal Uniform Trade Secrets Act provides the definition of a trade secret in most states, New York follows the Restatement of Torts.
Whether you plan on buying, selling or leasing commercial real estate, there are a number of problems that may arise. In some instances, these problems can be so serious that they may prevent a real estate deal altogether. There are many different pitfalls associated with commercial real estate transactions, such as contract disputes and zoning issues. By avoiding these complications or handling them appropriately when they arise, you may be able to close the deal in a more timely and efficient manner.